Store Lease-Tenant Oriented is a type of commercial lease agreement between a landlord and a tenant who are both interested in leasing a store or retail space for business purposes. The lease typically outlines the length of the lease, the terms of the rental agreement, the rent, the security deposit, and the tenant's and landlord's responsibilities. It also outlines the tenant's rights, such as the right to sublease or assign the lease, and the landlord's rights, such as the right to determine the tenant's use of the premises. There are two main types of Store Lease-Tenant Oriented: Triple Net (NNN) Leases and Gross Leases. A Triple Net (NNN) Lease requires the tenant to pay a base rent plus the additional costs of taxes, insurance, and maintenance. In a Gross Lease, the landlord pays for taxes, insurance, and maintenance in addition to the base rent.
Store Lease-Tenant Oriented
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